Forbes magazine has ranked the Schulich School of Business at York University No. 1 in Canada and ninth in the world among two-year MBA programs outside the U.S. Schulich was also jointly ranked second in the world among all non-U.S. two-year MBA programs in terms of “Years to Payback” – the length of time it takes a business school’s graduates to recoup their investment in an MBA degree. The Forbes ranking was released on Sept. 18.
The 2019 Forbes “Best Business Schools” global survey ranked U.S. and non-U.S. schools separately, and among non-U.S .schools, it ranked one-year and two-year MBA programs separately as well. The ranking measured the return on investment (ROI) experienced by MBA graduates from the class of 2014 five years after obtaining their degrees. Forbes surveyed 17,500 MBA graduates from more than 100 business schools around the world and calculated the ROI using two different measures: “Five-Year MBA Gain” and “Years to Payback.” The first ROI measure, known as the Five-Year MBA Gain, is arrived at by determining average post-MBA compensation over a five-year period minus the costs associated with attending business school (tuition, fees and foregone salary). The Five-Year MBA Gain is then adjusted to account for cost-of-living expenses in different parts of the world. The second ROI measure, known as Years to Payback, is a currency-neutral calculation that determines the average length of time it takes for graduates to recoup their investment in an MBA degree. For complete ranking results and methodology, visit forbes.com/business-schools.
In terms of the Five-Year MBA Gain category, Schulich ranked ninth among two-year MBA programs outside the U.S., with Schulich graduates reporting an average Five-Year MBA Gain of U.S. $46,300. In the Years to Payback category, which measures how quickly graduates recoup their investment in an MBA degree, Schulich had a payback period of 3.7 years – second in the world (together with HEC Paris) among all non-U.S. two-year MBA programs, slightly behind Ceibs and Singapore, which were jointly ranked first with a payback period of 3.6 years.
Schulich graduates also experienced an impressive salary increase, with Schulich alumni from the class of 2014 reporting a 177 per cent increase in average salary five years following graduation, according to Forbes.
The London Business School was ranked No. 1 by Forbes among two-year programs outside the U.S., while the University of Chicago’s Booth School of Business was the top-ranked U.S. MBA program and IMD was the top-ranked school among one-year programs outside the U.S.
“For MBA students, the Return on Investment or ROI they expect to receive is an important factor in selecting an MBA program, and Forbes has once again rated the ROI provided by a Schulich degree as one of the best in the world and number one in Canada,” said Schulich Dean Dezsö J. Horváth. “Even more impressive is the fact that Schulich ranked number two among all non-U.S. two-year programs in the Years to Payback category, which is a currency-neutral measure for determining how quickly graduates can recoup their investment in an MBA degree.”